Atlantica cuts ribbon at 20-MW solar farm in Colombia

• London-based business Atlantica Sustainable Infrastructure plc (NASDAQ: AY) inaugurated on Friday the 20-MW La Sierpe solar PV farm in Colombia, its very first solar investment in the country, it introduced.

The plant is composed of over 65,500 bifacial solar panels mounted on a 65-hectare (160.6 acres) website in the community of San Benito Abad, in the division of Sucre. It took an investment of near USD 20 million (EUR 17.9 m) to finish the project, according to the Colombian ministry of mining as well as power.

La Sierpe solar farm will certainly operate under a 15-year power purchase agreement (PPA), Atlantica Sustainable Infrastructure stated.

The project was created and constructed by AAGES, an international joint venture in between Canadian utility Algonquin Power & Utilities Corp (TSE: AQN) as well as Spanish design firm Abengoa SA. In December 2020, Atlantica reached a contract to obtain La Sierpe once it gets to industrial procedure.

At the time, the lasting infrastructure capitalist and also Algonquin also consented to potentially co-invest in additional solar projects amounting to some 30 MW in Colombia.